SIDBI Secured $24.5 Mn from Green Climate Fund For Maiden Climate Project Updated On Wed, Mar 13th, 2024 by Saurenergy Small Industries Development Bank of India (SIDBI) has secured $24.5 Mn from Green Climate Fund (GCF) for its maiden anchored sustainability and climate focussed fund Avaana Sustainability Fund (ASF). The development came during the 38th meeting of the GCF Board in Kigali, Rwanda on March 6, reported the news agency PTI. The Green Climate Fund […] Read more
C-DAC, Tata Power Collaborate For Technology Transfer Of Electric Technology Updated On Wed, Mar 13th, 2024 by Saurenergy Union Minister of state for electronics and IT, skill development, entrepreneurship and Jal shakti, Rajeev Chandrasekhar recently inaugurated India’s first FutureLABS center in C-DAC Thiruvananthapuram recently. This center, namely, “Centre for Semiconductor Chips and Systems for Strategic Electronics”, is expected to play a crucial role in catalyzing an ecosystem for next generation chip design, manufacturing, […] Read more
India’s Subsidies For Fossil Fuels 5 Times Higher Than For Clean Energy: IISD Updated On Wed, Mar 13th, 2024 by Saurenergy The 2022 global energy crisis and India’s growing energy demand have led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India’s total energy subsidies to a 9-year high of INR 3.2 lakh crore (USD 39.3 billion) for the fiscal year ending 2023 (FY 2023), new […] Read more
Servotech EV Appoints Prem Prakash As CEO, Neeraj Gupta As AVP Operations Updated On Wed, Mar 13th, 2024 by Saurenergy Servotech EV Infra has announced the appointment of Prem Prakash as its Chief Executive Officer (CEO) and Neeraj Gupta as its AVP Operations. Prem Prakash, with a career spanning 22 years across diverse industries, including consumer durables, FMCG, media and entertainment, E-Commerce, fintech and is expected to successfully take the company to a new level. […] Read more
MSEDCL Approves Maharashtra’s Procurement Of 7,783 MW Solar Energy Updated On Wed, Mar 13th, 2024 by Saurenergy Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) recently approved the procurement of 7783 MW on a long-term basis at a tariff of Rs 2.90 to 3.10/kWh from solar generators. The commission also allows MSEDCL to procure additional power up to 2000 MW under subsequent rounds of bidding under MSKVY 2.0 subject to the condition that […] Read more
PM To Lay Foundation For Three Semiconductor Facilities On 13th March Updated On Tue, Mar 12th, 2024 by Saurenergy Prime Minister Modi is set to lay the foundation stone for three semiconductor facilities worth about Rs 1.25 lakh crore tomorrow i.e., 13th March via video conferencing. This inauguration is set to take place alongside ‘India’s Techade: Chips for Viksit Bharat’. The foundation stone for these projects is being laid for the semiconductor fabrication facility […] Read more
West Bengal Can Save Rs 62,000cr By Roping In Renewables: Report Updated On Tue, Mar 12th, 2024 by Saurenergy A report by think tank Climate Risk Horizons (CRH) suggests that West Bengal can save thousands of crores in the coming decade by moving away from coal and towards clean energy. The savings accrue through a combination of measures such as the retirement of older, more expensive coal power plants; diverting investment planned for new […] Read more
Primergy Secures PPA With Microsoft For 408 MW Solar Project In Texas Updated On Tue, Mar 12th, 2024 by Saurenergy US-based solar and storage project developer Primergy announced that it has closed commitments for $588 million in debt financing for the 408 MWac Ash Creek Solar project in Hill County, Texas. The company also signed a long-term power purchase agreement with Microsoft for the full capacity of the plant. “The successful completion of this financing […] Read more
CIL, RRVUNL Sign MoU for 4100 MW Power In Rajasthan Updated On Tue, Mar 12th, 2024 by Saurenergy Coal India Limited (CIL) signed a Memorandum of Understanding (MoU) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for the exploration and execution of 4,100 MW capacity power projects on March 10. The proposed electricity generation by CIL would be through a mix of coal-fired thermal power plants, solar projects, pump storage plants and wind […] Read more
